Paris 2011: Squeeze on services sector prompts L-3 to keep its eyes on high-tech export prizes

Prompted in part by the prospect of squeezed Pentagon budgets, U.S. defense groups have been consolidating operations in pursuit of higher value, higher technology pursuits. At L-3 Communications, as at both Lockheed Martin and Northrop Grumman previously, this means shifting out of service activities where margins are tighter and there is less scope for differentiation in a tight market, according to the New York-based group’s chairman, president and CEO Michael Strianese.

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